by David Mortaz | May 10, 2013 | Los Gatos Short Sale, Real Estate (Residential), Residential Mortgage, Short Sale Expert Advice, Short Sales
Deficiency Judgment is created when banks agree to a Short Sale of a property where they will net less money than it’s owed on the property. For example, when a $500,000 home is sold for $100,000 as part of a Short Sale, then the lender can issue a deficiency...
by David Mortaz | May 10, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
We recently got a Wells Fargo Short Sale approval within 12 days after the appraisal was sent to the property! Considering that one our Short Sales that closed in 2012 took more than 486 days, this is an amazing records.What we believe this Short...
by David Mortaz | May 9, 2013 | Home Buyer Tips, Short Sale Expert Advice, Short Sales
After a recent cancellation of an offer on our San Jose Short Sale Listing; the owners of the property started asking us about why the buyers would cancel a offer on a property where they were competing bids! Here are some of the reasons our own buyers have told us...
by David Mortaz | May 9, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Just like any profession, some Short Sale Negotiators are reputable and qualified to negotiate and facilitate Short Sales whereas others are not. And home owners have little tools to identify the qualified one’s from posers.Scammers solicit homeowners and...
by David Mortaz | May 9, 2013 | Short Sale Expert Advice, Short Sales
It’s always a wise idea to discuss the Tax implication of your Short Sale with your CPA or Tax Planner. However, home owners are generally protected against a deficiency judgment after a Short Sale. The Mortgage Forgiveness Debt Relief Act of 2007 provides an...
by David Mortaz | May 8, 2013 | Short Sale Expert Advice, Short Sales
The answer to this question is resounding YES!! But why the bank are willing to part with Relocation Money on Short Sales!? See the banks have a difficult job of romancing home owners to trust them after the Loan Modification disasters which was nothing but a photo...
